Manufacturers end 2003 on a high
28 August 2012
Britain's manufacturing sector finished last year with the biggest monthly growth in four years, even though new orders grew more slowly.
The purchasing managers' index (PMI), an economic indicator compiled by CIPS and NTC Research, rose from 54.7 in November to 56 in December. A figure above 50 indicates growth on the previous month.
New orders continued to rise, but they grew slightly more slowly than in November, which saw the highest monthly increase since December 1999. The main source of new...